flexit ff&e solutions limited

Live EstablishedSmallRapid

flexit ff&e solutions limited Company Information

Share FLEXIT FF&E SOLUTIONS LIMITED

Company Number

09606677

Shareholders

derrick christopher read

anita read

View All

Group Structure

View All

Industry

Other building completion and finishing

 +1

Registered Address

tarnfield house moorfield road, yeadon, west yorkshire, LS19 7BN

flexit ff&e solutions limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of FLEXIT FF&E SOLUTIONS LIMITED at £1.9m based on a Turnover of £4.1m and 0.47x industry multiple (adjusted for size and gross margin).

flexit ff&e solutions limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of FLEXIT FF&E SOLUTIONS LIMITED at £1.7m based on an EBITDA of £375.4k and a 4.56x industry multiple (adjusted for size and gross margin).

flexit ff&e solutions limited Estimated Valuation

£837.2k

Pomanda estimates the enterprise value of FLEXIT FF&E SOLUTIONS LIMITED at £837.2k based on Net Assets of £367k and 2.28x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Flexit Ff&e Solutions Limited Overview

Flexit Ff&e Solutions Limited is a live company located in west yorkshire, LS19 7BN with a Companies House number of 09606677. It operates in the other building completion and finishing sector, SIC Code 43390. Founded in May 2015, it's largest shareholder is derrick christopher read with a 55.2% stake. Flexit Ff&e Solutions Limited is a established, small sized company, Pomanda has estimated its turnover at £4.1m with rapid growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Flexit Ff&e Solutions Limited Health Check

Pomanda's financial health check has awarded Flexit Ff&E Solutions Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 0 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

6 Regular

positive_score

0 Weak

size

Size

annual sales of £4.1m, make it in line with the average company (£4.4m)

£4.1m - Flexit Ff&e Solutions Limited

£4.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 51%, show it is growing at a faster rate (9.9%)

51% - Flexit Ff&e Solutions Limited

9.9% - Industry AVG

production

Production

with a gross margin of 30.4%, this company has a lower cost of product (24.2%)

30.4% - Flexit Ff&e Solutions Limited

24.2% - Industry AVG

profitability

Profitability

an operating margin of 7.7% make it more profitable than the average company (6.1%)

7.7% - Flexit Ff&e Solutions Limited

6.1% - Industry AVG

employees

Employees

with 18 employees, this is similar to the industry average (20)

18 - Flexit Ff&e Solutions Limited

20 - Industry AVG

paystructure

Pay Structure

on an average salary of £43.6k, the company has an equivalent pay structure (£43.6k)

£43.6k - Flexit Ff&e Solutions Limited

£43.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £229.1k, this is more efficient (£173.4k)

£229.1k - Flexit Ff&e Solutions Limited

£173.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 44 days, this is near the average (51 days)

44 days - Flexit Ff&e Solutions Limited

51 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 44 days, this is slower than average (33 days)

44 days - Flexit Ff&e Solutions Limited

33 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 6 days, this is less than average (17 days)

6 days - Flexit Ff&e Solutions Limited

17 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 18 weeks, this is average cash available to meet short term requirements (21 weeks)

18 weeks - Flexit Ff&e Solutions Limited

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 72.7%, this is a similar level of debt than the average (66.7%)

72.7% - Flexit Ff&e Solutions Limited

66.7% - Industry AVG

FLEXIT FF&E SOLUTIONS LIMITED financials

EXPORTms excel logo

Flexit Ff&E Solutions Limited's latest turnover from December 2023 is £4.1 million and the company has net assets of £367 thousand. According to their latest financial statements, Flexit Ff&E Solutions Limited has 18 employees and maintains cash reserves of £274.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Turnover4,123,5362,853,6792,910,2841,193,4331,817,576933,583833,457253,582318,751
Other Income Or Grants000000000
Cost Of Sales2,868,2391,921,5802,193,449878,7591,331,585677,040600,296184,002231,405
Gross Profit1,255,297932,099716,835314,675485,991256,543233,16169,58087,346
Admin Expenses938,838667,5691,306,954193,990384,47180,770-10,93722,63048,103
Operating Profit316,459264,530-590,119120,685101,520175,773244,09846,95039,243
Interest Payable8,1054,9783,0021,52500000
Interest Receivable009264242,2461,77179613753
Pre-Tax Profit308,354259,552-592,195119,584103,767177,543244,89447,08839,296
Tax-87,952-51,5950-22,721-19,716-33,733-46,530-9,417-7,859
Profit After Tax220,402207,957-592,19596,86384,051143,810198,36437,67031,437
Dividends Paid000000000
Retained Profit220,402207,957-592,19596,86384,051143,810198,36437,67031,437
Employee Costs784,006584,993546,673508,854321,724282,896229,554159,85680,683
Number Of Employees1814141387642
EBITDA*375,416302,857-546,563144,380118,169191,449252,02746,95039,268

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Tangible Assets406,805184,277111,37081,90729,02120,5066,1661,999369
Intangible Assets41,00053,00065,00077,00089,000101,000113,00000
Investments & Other000000000
Debtors (Due After 1 year)000000000
Total Fixed Assets447,805237,277176,370158,907118,021121,506119,1661,999369
Stock & work in progress49,33511,10316,0859,42621,00609720391
Trade Debtors500,383323,616863,244227,260405,229196,273192,42723,13754,624
Group Debtors000000000
Misc Debtors71,55469,28923,23318,75966,5879,1827,3998,8350
Cash274,917215,824250,357490,446356,823242,180229,99988,31121,339
misc current assets000000000
total current assets896,189619,8321,152,919745,891849,645447,635430,797120,28376,354
total assets1,343,994857,1091,329,289904,798967,666569,141549,963122,28276,723
Bank overdraft000000000
Bank loan10,0809,8499,6063,93200000
Trade Creditors 350,53579,701156,57091,387176,28233,52648,86413,04745,112
Group/Directors Accounts68,2765423,69627,280124,3606,3526,70915,4240
other short term finances90,00090,0000000000
hp & lease commitments43,23610,93610,153000000
other current liabilities193,637106,260424,102128,266166,070113,982167,79624,2040
total current liabilities755,764296,800624,127250,865466,712153,860223,36952,67545,112
loans16,488116,61236,46146,06800000
hp & lease commitments113,83122,42133,380000000
Accruals and Deferred Income000000000
other liabilities00000057,85100
provisions90,93926,48921,16015,5625,5143,8961,17240074
total long term liabilities221,258165,52291,00161,6305,5143,89659,02340074
total liabilities977,022462,322715,128312,495472,226157,756282,39253,07545,186
net assets366,972394,787614,161592,303495,440411,385267,57169,20731,537
total shareholders funds366,972394,787614,161592,303495,440411,385267,57169,20731,537
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Operating Activities
Operating Profit316,459264,530-590,119120,685101,520175,773244,09846,95039,243
Depreciation46,95726,32731,55611,6954,6493,676929025
Amortisation12,00012,00012,00012,00012,00012,0007,00000
Tax-87,952-51,5950-22,721-19,716-33,733-46,530-9,417-7,859
Stock38,232-4,9826,659-11,58021,006-972972-391391
Debtors179,032-493,572640,458-225,797266,3615,629167,854-22,65254,624
Creditors270,834-76,86965,183-84,895142,756-15,33835,817-32,06545,112
Accruals and Deferred Income87,377-317,842295,836-37,80452,088-53,814143,59224,2040
Deferred Taxes & Provisions64,4505,3295,59810,0481,6182,72477232674
Cash flow from operations492,861360,434-827,063246,3857,54886,631216,85253,04121,580
Investing Activities
capital expenditure-269,485-99,234-61,019-64,581-13,164-18,016-125,096-1,630-394
Change in Investments000000000
cash flow from investments-269,485-99,234-61,019-64,581-13,164-18,016-125,096-1,630-394
Financing Activities
Bank loans2312435,6743,93200000
Group/Directors Accounts68,222-23,642-3,584-97,080118,008-357-8,71515,4240
Other Short Term Loans 090,0000000000
Long term loans-100,12480,151-9,60746,06800000
Hire Purchase and Lease Commitments123,710-10,17643,533000000
other long term liabilities00000-57,85157,85100
share issue-248,217-427,331614,05304400100
interest-8,105-4,978-2,076-1,1012,2461,77179613753
cash flow from financing-164,283-295,733647,993-48,181120,258-56,43349,93215,561153
cash and cash equivalents
cash59,093-34,533-240,089133,623114,64312,181141,68866,97221,339
overdraft000000000
change in cash59,093-34,533-240,089133,623114,64312,181141,68866,97221,339

flexit ff&e solutions limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for flexit ff&e solutions limited. Get real-time insights into flexit ff&e solutions limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Flexit Ff&e Solutions Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for flexit ff&e solutions limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in LS19 area or any other competitors across 12 key performance metrics.

flexit ff&e solutions limited Ownership

FLEXIT FF&E SOLUTIONS LIMITED group structure

Flexit Ff&E Solutions Limited has no subsidiary companies.

Ultimate parent company

FLEXIT FF&E SOLUTIONS LIMITED

09606677

FLEXIT FF&E SOLUTIONS LIMITED Shareholders

derrick christopher read 55.21%
anita read 18.75%
kenneth fulcher 7.29%
benjamin fulcher 7.29%
amy fulcher 3.13%
laura fulcher 3.13%
miriam joy fulcher 2.08%
jonathan philip fulcher 2.08%
norland products limited 1.04%

flexit ff&e solutions limited directors

Flexit Ff&E Solutions Limited currently has 3 directors. The longest serving directors include Mr Derrick Read (May 2015) and Mr Kenneth Fulcher (Jan 2020).

officercountryagestartendrole
Mr Derrick ReadUnited Kingdom42 years May 2015- Director
Mr Kenneth FulcherEngland42 years Jan 2020- Director
Mr Benjamin FulcherUnited Kingdom34 years Apr 2022- Director

P&L

December 2023

turnover

4.1m

+44%

operating profit

316.5k

+20%

gross margin

30.5%

-6.8%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

367k

-0.07%

total assets

1.3m

+0.57%

cash

274.9k

+0.27%

net assets

Total assets minus all liabilities

flexit ff&e solutions limited company details

company number

09606677

Type

Private limited with Share Capital

industry

43390 - Other building completion and finishing

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

May 2015

age

10

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

LAMBERT ROPER & HORSFIELD LIMITED

auditor

-

address

tarnfield house moorfield road, yeadon, west yorkshire, LS19 7BN

Bank

-

Legal Advisor

-

flexit ff&e solutions limited Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We did not find charges/mortgages relating to flexit ff&e solutions limited.

flexit ff&e solutions limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

Click to start generating capital raising & share issue transactions for FLEXIT FF&E SOLUTIONS LIMITED. This can take several minutes, an email will notify you when this has completed.

flexit ff&e solutions limited Companies House Filings - See Documents

datedescriptionview/download